Nordics
-
Markets have stabilised after the recent turmoil, but a lack of issuance across corporate bonds and loans this week illustrates how nervous borrowers are that further upheaval could be on its way.
-
Hellman & Friedman is acquiring a majority stake in the Swedish company Securitas Direct with a €2.7bn financing package involving bonds and loans. -
-
BMW has sold the first private medium term note from an auto company since Volkswagen shocked the market by cheating on emissions tests.
-
Finnair, the unrated Finnish airline, increased the size of its hybrid capital issue today by €50m to €200m, as Nordic investors supported the credit in a turbulent week.
-
Swedish Covered Bond Corp (SCBC) and Bankinter issued €750m covered bonds this week, but after record issuance, their limp receptions may cause others to postpone funding plans.
-
Kommuninvest and KfW found good demand for short dated dollar benchmarks on Thursday despite difficult market conditions.
-
Finnair, the unrated Finnish airline, increased the size of its hybrid capital issue today by €50m to €200m, as Nordic investors supported the credit in a turbulent week.
-
World Bank on Wednesday sold the largest dollar benchmark from an SSA since July, as other issuers lined up deals in the currency.
-
The euro benchmark market is set to welcome a debut issuer this week, while a rare borrower in the currency was able to increase a syndication from its initial €500m target.
-
Just south of the city of Växjö in southern Sweden is a new residential neighbourhood called Solallén. It’s a cluster of 21 black and yellow townhouses that, aesthetically pleasing as they are with their high ceilings and bike parking and gardens, would be unremarkable were it not for the fact that they constitute the first net zero energy residential neighbourhood in Sweden.
-
The increasing attractiveness of euros over dollars has led one public sector borrower to mandate for its first ever benchmark in the currency — and more debut issuers could follow.
